Savosolar has signed a Letter of Intent with Uniper for co-operation in large scale solar heating projects

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Savosolar Plc Company Announcement, Insider information    3 December 2019 at 8.30 a.m. (CET)

Savosolar Plc. (“Savosolar”) has signed a Letter of Intent with Uniper SE (“Uniper”) for a co-operation in large scale solar heating system deliveries for district heating and heat for industrial processes. The planned co-operation includes sales, design, delivery and, if needed, operation of the systems. Geographical focus of the co-operation is intended to be in Europe, especially in Germany, Austria and Netherlands, and suitable projects could also get searched for worldwide. The parties aim to investigate for first co-operation projects in 2020.

Jari Varjotie, CEO of Savosolar: “We are proud that Uniper has chosen Savosolar as their preferred partner. Savosolar is already by now one of the leading companies in large scale solar heating with its existing partner network, and this new co-operation is an additional sign that Savosolar has chosen the right path in its technology and business development.  We look forward to the co-operation with Uniper, one of the leading companies in the energy sector. Combining Uniper’s wide energy sector know-how, financial resources and global presence with Savosolar’s solar heating experience and expertise will strengthen the possibilities to accelerate the utilization of large scale solar thermal as a clean heat source.”

Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading.

SAVOSOLAR PLC

Savosolar PlcManaging Director Jari VarjotiePhone: +358 400 419 734E-mail: Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 3 December 2019 at 8.30 a.m. (CET).

Savosolar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savosolar helps its customers to produce competitive clean energy. Savosolar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the business and aims to stay as such. The company has sold and delivered its products to almost 20 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. .

The company’s Certified Adviser is Augment Partners AB, , phone: +46 8-505 65 172.

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Globe Newswire: 07:30 GMT Tuesday 3rd December 2019

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